SFVBJ CURRENT EDITION

Semtech Looks to Future With LoRa Technology

WIRELESS: Metrics indicate wide adoption, positioning company for growth.

Semtech Corp. is looking to its long-range, low-power technology to give the company a financial boost coming out of the pandemic.

VALLEY INSIDER

BEN’s Diversity Expert

VALLEY INSIDER

Aerospace Training Program’s Big Digs

Antelope Valley College moves into expanded facility at Fox Field.

Antelope Valley College opened last month its new aerospace teaching facility at Fox Field, the L.A. County-owned airport in Lancaster.

Tarzana Hospital Selects New CEO

Nicholas Lymberopoulos takes job with $644 million building project.

Providence Cedars-Sinai Tarzana Medical Center has chosen one of its own executives – Nicholas Lymberopoulos – to be its new chief executive following an eight-month-long national search, the hospital has announced.

Landlords Face Rent Shortfall

REAL ESTATE: Owners seek to negotiate if tenants can’t pay.

Deferred payments. Percentage rents. Back-end lease extensions.

HYDROGEN HUB

PROFILE: How Mayor R. Rex Parris is luring alternative energy companies to Lancaster.

Hydrogen companies from around the world including SGH2, Hitachi Zosen Inova and Toshiba are setting up shop in Lancaster, hinting at that area’s potential to become a premier alternative energy hub. Creating a welcoming environment for such companies is a motivator driving longtime mayor and career lawyer R. Rex Parris. SGH2 last year signed a deal with the Antelope Valley city to build a first-of-its-kind plant called S2 that will use a NASA-developed method to incinerate the city’s recycled waste to create hydrogen, which could be used to fuel vehicles. In this interview, Parris says it’s “inevitable” that Lancaster will be known as a hydrogen hub and explains why he’s a big believer in alternative energy.

App-Less Food Delivery Helps Profit Margins

RESTAURANTS: DIY operators avoid DoorDash and the like.

Frank Howell is something of an anomaly. He’s a local restaurateur who didn’t join the lockdown-induced rush to allow services such as GrubHub and Postmates to deliver his food to customers.

AROUND THE VALLEYS

AROUND THE VALLEYS

A Retail Short Circuit

Fry’s Electronics permanently closes but leaves a legacy of thematic store design.

REAL ESTATE FOCUS

Investor Sells Southern Multifamilies

IMG gets $30 million for pair of properties in Raleigh.

The coastal Southern states are proving to be big business for one Warner Center group.

Will Suburbia Fill With Future Satellite Offices?

Banc of California executive foresees companies setting up operations in L.A.’s outlier markets.

Less offices, less commuting, less community density. That is the upshot of the post-pandemic predictions of Hamid Hussain, president of commercial real estate at Banc of California.

PS Business Parks Names New CEO

Shopping center executive to lead industrial REIT.

Glendale-based PS Business Parks Inc. has appointed Dan “Mac” Chandler III as the company’s chief executive officer, effective April 5.

Curtains Close IN NoHo

Pandemic and rising rents force small venues out of business.

A year after the coronavirus pandemic put a pause on the performing arts, five live theaters in the heart of North Hollywood are closing their curtains for good.

The Valley’s Streaming War

Three local movie studios plus Netflix battle for subscribers in entertainment’s online frontier.

It is a war without a battlefield or weapons – but a war nonetheless.

CloudNine to Make Hangars Arise in Camarillo

Location to serve Valley, Malibu and Santa Barbara.

After several months of delay due to the coronavirus pandemic, RKR Inc. finally broke ground on its CloudNine hangar development at Camarillo Airport.

Sun Air Takes More Space at Van Nuys Airport

Firm offers flexible services and leases to plane owners.

Sun Air Jets has expanded its presence at Van Nuys Airport by securing two new hangar and terminal facilities at the general aviation airfield.

Order for Burgerim Founder to Pay

Regulators find franchiser violated state rules.

The state has ordered fast casual burger chain Burgerim to refund tens of millions of dollars in franchise fees paid by more than 1,500 would-be restaurant operators after finding the Encino company violated California’s franchise regulations.

New Tenants at Tejon Ranch’s Park

Retailers Ikea, Camping World lease warehouses.

For retail suppliers and West Coast distributors, the Tejon Ranch Commerce Center 45 miles north of Santa Clarita is looking more attractive than ever in the wake of the coronavirus pandemic.

Theme Park Stores Open

Disney and Universal resume shopping, dining.

NBCUniversal’s Universal Studios Hollywood and Walt Disney Co.’s California Adventure theme parks are reopening shops and restaurants as state regulations promise the reopening of all theme parks at limited capacity as soon as April 1.

Second Sight Gets FDA’s Green Light

Sylmar biotech’s share price skyrockets on approval.

After U.S. Food and Drug Administration approval of its Argus IIs Retinal Prosthesis System on March 5, Second Sight Medical Products Inc. enjoyed an explosive stock surge, with shares gaining by 1000 percent in the next three days.

Amgen Builds Cancer Pipeline for $1.9 Billion

Acquisition bolsters the pharma giant’s oncology portfolio, expands international market presence.

Biotech giant Amgen Inc. intends to make its oncology pipeline more robust with a $1.9 billion cash acquisition of Five Prime Therapeutics, the company announced March 4.

Kaiser Opens Mass Vax in Lancaster

Health system’s deal to help hard-hit Antelope Valley.

A mass vaccination site announcement and hospital visitation allowances are positive trends for the Antelope Valley region, both of which went into effect on March 8.

Federal Spending Bodes Well for Tutor Perini

CONSTRUCTION: Bill opens opportunities to bid on new infrastructure projects.

The Biden Administration may be good for Tutor Perini Corp.

Hospital Grows Up

HEALTH CARE: Henry Mayo seeks to add a 80-foot tower to its Valencia campus.

More than a year after celebrating the opening of its six-story patient tower, Henry Mayo Newhall Hospital plans to expand again, this time with a second patient tower and diagnostic facility – without adding any beds.